The World’s Top 10 Lithium Mining Companiesīattery demand for electric vehicles, energy storage systems, and portable electronic devices is propelling lithium mining around the planet.Īs a result, worldwide lithium production increased by 21% in 2021 compared to 2020 to approximately 100,000 metric tons.
Recently, General Motors announced that it aims to stop selling ICE vehicles by 2035, while Audi plans to stop producing such models by 2033.īesides EVs, battery technology is essential for the energy transition, providing storage capacity for intermittent solar and wind generation.Īs battery makers work to supply the EV transition’s increasing demand and improve energy density in their products, we can expect more interesting developments within this industry. The Age of Battery PowerĮlectric vehicles are here to stay, while internal combustion engine (ICE) vehicles are set to fade away in the coming decades. Recent sales figures point to BYD overtaking LG Energy Solution in market share the coming months or years. The Warren Buffett-backed company is the world’s third-largest automaker by market cap, but it also produces batteries sold in markets around the world. In 2021, the South Korean supplier agreed to reimburse General Motors $1.9 billion to cover the 143,000 Chevy Bolt EVs recalled due to fire risks from faulty batteries.īYD took the third spot from Panasonic as it nearly doubled its market share over the last year. Rankĭespite facing strict scrutiny after EV battery-fire recalls in the United States, LG Energy Solution remains the second-biggest battery manufacturer. CATL provides lithium-ion batteries to Tesla, Peugeot, Hyundai, Honda, BMW, Toyota, Volkswagen, and Volvo. One-third of the world’s EV batteries come from the Chinese company.
The leading battery supplier, CATL, expanded its market share from 32% in 2021 to 34% in 2022.
The top 10 producers are all Asian companies.Ĭurrently, Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%). Chinese Dominanceĭespite efforts from the United States and Europe to increase the domestic production of batteries, the market is still dominated by Asian suppliers. Here we update our previous graphic of the top 10 EV battery manufacturers, bringing you the world’s biggest battery manufacturers in 2022. With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 20. The Top 10 EV Battery Manufacturers in 2022
0 kommentar(er)
